Exploration

Exploration

TotalEnergies starts production at Ikike field off Nigeria coast

OilNOW -
TotalEnergies said Monday it started production at the Ikike field, 20 kilometers (km) off the coast of Nigeria. The Ikiken platform meets a depth of about 20 meters and is tied back to the existing Amenam offshore facilities through...
Exploration

Guyana among potential ‘energy super basins’ of the world – WoodMac

OilNOW -
With the energy transition in full swing, emphasis is being placed on making the global upstream industry more sustainable. To do this, the focus has to be on abundant oil and gas resources in locations with access to low-cost...
Exploration

TotalEnergies inks new PSC with Algeria’s Sonatrach for onshore blocks

OilNOW -
French multinational TotalEnergies signed a new 25-year production sharing contract (PSC) with Algeria’s state oil company Sonatrach, Occidental and Eni for two onshore blocks – 404a and 208 – in the Berkin Basin. The PSC, signed under Algeria’s new hydrocarbon...
Exploration

Guyana, Suriname can benefit from joint development of oil & gas resources – Staatsolie Head

OilNOW -
Staatsolie, Suriname’s state oil company, says there is real potential for cooperation between Guyana and Suriname, particularly with gas resource development. “Large resources and associated and non-associated gas have been discovered and both countries could benefit from jointly developing resources...
Exploration

ExxonMobil to drill over 60 exploration wells offshore Guyana in six years

OilNOW -
After having made more than 30 discoveries offshore Guyana with a success rate close to 90%, ExxonMobil sees the potential for the Stabroek Block’s near 11 billion oil equivalent barrels to more than double. In addition, the company sees...
Exploration

Impact study required for 35-well campaign at Stabroek Block – EPA

OilNOW -
Guyana’s Environmental Protection Agency (EPA) said in a notice over the weekend that an Environmental Impact Assessment (EIA) of the cumulative effects of a 35-well campaign proposed by ExxonMobil at the Stabroek Block, is required before a determination can...
Exploration

Unlocking potential of Suriname’s 30 billion boe could be transformational – Legal Advisor

OilNOW -
The most striking news to emerge from Suriname’s recently concluded Energy, Oil and Gas Summit (SEOGS) 2022 was uttered by the Vice President of Offshore at Staatsolie, Glenn Corrie – that 30 billion barrels of oil equivalent awaits discovery in the South American nation’s...
Exploration

Tullow expects results for Beebei-Potaro well in third quarter of 2022

OilNOW -
Tullow Oil said it expects drilling completion and results for the Beebei-Potaro well offshore Guyana in the third quarter of 2022. This was stated in its July trading statement and operational update, released on Wednesday. The Beebei-Potaro prospect is targeting...
Discoveries

Despite multiple discoveries, no timeline yet for first oil in Suriname

OilNOW -
Suriname’s Block 58 has churned out five discoveries in total, but operator TotalEnergies E&P Suriname B.V. is yet to make a Final Investment Decision (FID). Government officials expressed hope during the recently held Suriname Energy, Oil and Gas Conference (SEOGS) that this...
Exploration

Yarrow-1 is Exxon’s next target offshore Guyana

OilNOW -
With nearly 11 billion barrels of oil equivalent discovered since 2015, ExxonMobil is looking to further increase these volumes at its largest deepwater license offshore Guyana. The US oil major is targeting a new prospect - Yarrow-1 – located approximately...
1...101112...55Page 11 of 55

Latest News

NewsOilNOW -

SBM Offshore expects US$1.9 billion in EBITDA this year, driven by Guyana FPSO sales

SBM Offshore has updated its 2024 guidance for earnings before interest, taxes, depreciation and amortization (EBITDA)to US$1.9 billion, representing...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks